This is a magic trick performed by two magicians, A and B, with one regular, shuffled deck of 52 cards. A asks a member of the audience to randomly select 5 cards out of a deck. the audience member -- who we will refer to as C from here on -- then hands the 5 cards back to magician A. After looking at the 5 cards, A picks one of the 5 cards and gives it back to C. A then arranges the other four cards in some way, and gives those 4 cards face down, in a neat pile, to B. B looks at these 4 cards and then determines what card is in C's hand (the missing 5th card). How is this trick done?

Note 1: There's no secretive message communication in the solution, like encoded speech or ninja hand signals or ESP or whatever ... the only communication between the two magicians is in the logic of the 4 cards transferred from A to B. Think of these magicians as mathematicians.

Note 2: This magic trick is originally credited to magician and mathematician Fitch Cheney.